MNI: China Pushes Green Belt & Road Projects

     BEIJING (MNI) - China will encourage companies and financial institutions

involved in its massive Belt and Road development programme to sign up to an

environmentally-friendly code of practice, incorporating low-carbon goals into

what will be one of the world's largest sources of infrastructure investment for

years to come.

     The code includes utilization of green financial instruments and supply

chain practices, according to a news release from the Green Finance Committee

(GFC) of the China Society for Finance and Banking and the City of London's

Green Finance Initiative.

     China is actively working on green investment for the Belt and Road, Ma

Jun, Chairman of the GFC and who sits on the People's Bank of China Monetary

Policy Committee, told reporters.

     "Most of the world's infrastructure investments in the coming decades will

be in OBOR countries, and these projects will have a significant impact on

environment and climate," Ma said.

     The B&R was initiated in 2013 by President Xi Jinping, who wants green

development to be at the centre of the remodelling of China's economy.

--MNI Beijing Bureau; +86 (10) 8532 5998; email: marissa.wang@marketnews.com

--MNI London Bureau; +44 203 865 3829; email: jason.webb@marketnews.com

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